Suzlon shares up over 2% on bagging project order

Shares of Suzlon Energy rose by over 2 per cent as the company bagged an order for a 132 mw project in Andhra Pradesh from ReNew Power Ventures.
The scrip gained 2.13 per cent to end at Rs 16.80 on BSE. During the day, it rose by 3 per cent to Rs 16.95.
At NSE, shares of the company went up by 1.82 per cent to close at Rs 16.75.
The project is capable of providing power to over 70,000 households and reducing 0.28 million tonnes of CO2 emissions per annum, Suzlon Group said in a statement.
"With our strong customer base, customer centric credentials, next generation products, end-to-end solutions and best-in-class services, Suzlon is best equipped to capitalise on the growing opportunities in India," Suzlon Group CEO J P Chalasani said.

The repeat order comprises 48 units of S97 120m Hybrid Tower and 15 units of S97 90m tubular tower with a rated capacity of 2.1 MW each for the project to be commissioned in Andhra Pradesh by March 2017.